https://www.tradingview.com/x/URCjUTVg/
💡Message Strategy
The price of gold rose first and then fell during the day. The market entered the stage of rebound and shock in the US market. At the same time, the fundamentals of the US House of Representatives narrowly passed the Trump tax cut bill, and the debt problem caused concerns. On May 22, 2025, the US House of Representatives passed Trump's tax cut and spending bill by a narrow margin of 215 votes to 214 votes. The bill will significantly increase US debt.
The bill will extend corporate and personal tax breaks passed in 2017, cancel many green energy incentives of the Biden administration, and tighten health and food program qualifications for low-income people. According to estimates by the Congressional Budget Office, the bill will increase US debt by about $3.8 trillion over the next decade. The US debt has now reached 124% of GDP.
📊Technical aspects
Through the daily hourly trend analysis, the upward momentum of gold has declined, reaching a maximum of around $3,350, and still cannot break through the upward resistance pressure.
Just as we said before, if gold cannot break through the upward pressure position, then there is a lot of room below, and the current idea is still to short at high levels. There have been two opportunities for high-level pullbacks. Next, it will be difficult for gold to break through the upward pressure of $3,320.
Then the operation idea is very easy. If it pulls back to around $3,320, then we can directly short at high levels
Trend: Correction trend
Support: around 3,250.00
Resistance: around 3,320.50
💰 Strategy Package
Short Position：3315-3320，3345-3350
💡Message Strategy
The price of gold rose first and then fell during the day. The market entered the stage of rebound and shock in the US market. At the same time, the fundamentals of the US House of Representatives narrowly passed the Trump tax cut bill, and the debt problem caused concerns. On May 22, 2025, the US House of Representatives passed Trump's tax cut and spending bill by a narrow margin of 215 votes to 214 votes. The bill will significantly increase US debt.
The bill will extend corporate and personal tax breaks passed in 2017, cancel many green energy incentives of the Biden administration, and tighten health and food program qualifications for low-income people. According to estimates by the Congressional Budget Office, the bill will increase US debt by about $3.8 trillion over the next decade. The US debt has now reached 124% of GDP.
📊Technical aspects
Through the daily hourly trend analysis, the upward momentum of gold has declined, reaching a maximum of around $3,350, and still cannot break through the upward resistance pressure.
Just as we said before, if gold cannot break through the upward pressure position, then there is a lot of room below, and the current idea is still to short at high levels. There have been two opportunities for high-level pullbacks. Next, it will be difficult for gold to break through the upward pressure of $3,320.
Then the operation idea is very easy. If it pulls back to around $3,320, then we can directly short at high levels
Trend: Correction trend
Support: around 3,250.00
Resistance: around 3,320.50
💰 Strategy Package
Short Position：3315-3320，3345-3350
Trade active
Gold has reached the short target position
Every opening of a position is a dialogue with probability, and every transaction is the realization of cognition.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Every opening of a position is a dialogue with probability, and every transaction is the realization of cognition.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.